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BOE relaxes bank rules as Brexit risks 'crystallise'
But Mr Carney stops short of repeating the threat of a possible recession
Add BT as a preferred sourcePublished Tue, Jul 5, 2016 · 09:50 PM
London
THE Bank of England (BOE) on Tuesday relaxed commercial banks' capital requirements to boost lending to businesses and households, and warned that financial stability risks "have begun to crystallise" after Brexit.
The British central bank announced it has cut its so-called capital buffer rate from 0.50 per cent to zero, where it will stay until at least June 2017.
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